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21 Jan 2025

UK Extracted Wealth From India Worth $33.8 Trillion Between 1765-1900

According to authors Utsa Patnaik and Prabha Patnaik, of the US$64.82 trillion extracted from India by the UK over a century of colonialism, US$33.8 trillion went to the richest 10 per cent.

22 Mar 2024

Inequality Skyrocketed Since 2000s, Top 1% In India Holds 40% Wealth: Study

The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration.

30 Jan 2018

India 6th wealthiest country, best performing wealth market in world: Report

India has been ranked sixth in the list of wealthiest countries with total wealth of USD 8,230 billion.

21 Nov 2017

No of millionaires to soar by over 50% by 2022: Report

The report further said the country would have 3,70,000 millionaires in 2022, up from 2,45,000 now, an increase of over 50 percent.

07 May 2016

Raghuram Rajan favours higher tolerance to wealth, not prohibition

Calling money a "great equaliser", Reserve Bank Governor Raghuram Rajan on Saturday called for raising society's tolerance towards wealth rather than prohibiting its use.

29 Oct 2015

India among top 10 in total individual wealth globally

According to the report by New World Wealth, India's total individual wealth stood at USD 3,492 billion.

India millionaire

20 Jun 2014

India became home to 1.56 lakh millionaires in 2013: Report

India is the 16th most populous in terms of population of super-rich people worldwide.

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